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"China is against weaponizing outer space or an arms race there, let alone making outer space a battlefield," Geng said at a daily news conference.

"China is the third-largest pet-owning country in the world, and China's pet industry is growing rapidly," said Christoph Vetten, head of Bayer Animal Health Greater China, during the launch of its flea and tick collar product Seresto in Beijing in March.

"China is and will remain our largest single market... We want to continue to grow profitably there and to develop products and services that are precisely tailored to that market," Schot added.

"But the trend to innovate and apply 5G in a wide range of industries will motivate them to move fast," Wang said.

"China is doing well. We have been growing a lot here ... We are very happy with the performance we have seen in this market and it is still early in its development. We have only been serving this market directly from the US for the last 10 years and so it takes time to build a more profitable franchise," said Bastian.